Luxury car manufacturer Aston Martin has announced plans to cut 20% of its workforce, impacting approximately 600 employees. This decision comes as the company's net losses widened significantly last year.

• Net losses jumped by 52% to £493.2m in the last year.
• The luxury car firm, Aston Martin, plans to save around £40m annually from these job cuts.
• Aston Martin cited factors such as US President Donald Trump’s tariffs and subdued demand in China as reasons for its struggles.